Snapdeal has reported a loss of INR 1,328 Cr. on revenue of INR 938 Cr. in FY 14-15.
Earlier in August 2015, it was reported that Snapdeal has seen a four-fold jump in its gross merchandise volume (GMV) for the fiscal year ending March 2015. It was estimated to have touched an annualized GMV of roughly $2 Bn in March.
As per the documents filed with the Registrar of Companies, Jasper Infotech Private Limited, which owns and operates Snapdeal, reported its revenue at INR 938 Cr. out of which INR 766 Cr. is the revenue from operations. This is a 450% growth in revenue from INR 168 Cr. (INR 154 Cr. from operations) compared to last fiscal.
Loss reported against this fiscal’s revenue is INR 1319 Cr., roughly five times than that in the previous fiscal.
Snapdeal’s biggest expense was on Advertising and Promotions – accounting for INR 1060 Cr. Out of this, INR 426 Cr. was ‘Advertising and Publicity Expense’ while the remaining INR 633 Cr. was ‘Business Promotion Expenses’. Besides, their employee benefit expense grew four fold from INR 87 Cr. to INR 367 Cr.
Valuation & Funding
Snapdeal has raised a total funding of $1.54 Bn from over 15 investors including Alibaba, Foxconn Technology Group, SoftBank, Ratan Tata, Kalaari Capital and Nexus Venture among others. Out of this, $500 Mn came in after March 31, 2015, wherein the company was valued over $4.8 Bn in August 2015 and $860.7 Mn came in FY 14-15.